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VOL. 124 | NO. 35 | Friday, February 20, 2009

Year of ‘Havoc’ For Residential Real Estate

The housing market is in desperate need of a shot in the arm, but only time will tell if the $787 billion economic stimulus bill signed into law this week by President Barack Obama will have a positive impact on real estate.

MCS Funding Foes Go ’Round The Mulberry Bush

Everyone involved knew it wouldn’t end with one court ruling.

Herenton Calls Off City Hall Buyout Plan

Memphis Mayor Willie Herenton announced Friday (Feb. 20) that he is calling off a plan to offer buyouts to 100 city employees by April.

New City Hall Movement On Convention Center

There are signs of new life in the city’s long-standing interest in either building a new Memphis Cook Convention Center or expanding the existing facility.

County’s Latest Tax Figures Anemic

The latest snapshot of Shelby County’s tax revenues looks about the same as it has for months.

Local Weather
Currently
Memphis, TN
82.0°F
Light Rain
Wind: Southwest at 5.8 mph
Humidity: 72%

EVENTS

The University of Memphis will host Nobel Peace Prize recipient Jody Williams today at 4 p.m. in the Rose Theatre on campus. Williams was awarded the 1997 Nobel Peace Prize for her work in clearing landmine fields and banning landmines in the future. The lecture is free and open to the public.

more events »

Pay Cuts Expected At Commercial Appeal

A new round of pay cuts is on the way for managers and rank-and-file employees at The Commercial Appeal and its parent company, E.W. Scripps Co.

Passenger Traffic Down at Airport

The slumping economy took its toll on passenger and cargo traffic at Memphis International Airport in January, with activity in both sectors experiencing declines. The latest numbers were unveiled Thursday at the Memphis-Shelby County Airport Authority’s February board of commissioners meeting.

Leading Indicators Rise More Than Expected in Jan.

NEW YORK (AP) – A private sector measure of U.S. economic activity jumped unexpectedly in January for a second straight monthly increase, mainly because of federal efforts to expand the money supply.

Nurse Shares Motherly Story To Strengthen Others

Lisa Barron details how to care for a special needs child, cope with personal emotions, juggle work responsibilities and fight with insurance companies in “Precious in His Sight,” a recently published book about caring for her daughter, Madison.

Stanford Deployed Web of Lies, Documents Show

WASHINGTON (AP) – Disgraced banker R. Allen Stanford’s pitch to investors was equal parts glamour and flattery.

Stanford Bank’s Investors Go Home Empty-Handed

ST. JOHN’S, Antigua (AP) – Venezuela on Thursday seized a failed bank controlled by Texas billionaire R. Allen Stanford after a run on deposits there, while clients were prevented from withdrawing their money from Stanford International Bank and its affiliates in a half-dozen other countries.

Lawmaker Wants Governor to Refuse Stimulus Money

NASHVILLE, Tenn. (AP) – Tennessee Rep. Brian Kelsey said Thursday that he's proposing a resolution that would urge Gov. Phil Bredesen to refuse any money from the federal economic stimulus package.

Tenn. Panel Recommends Curfew for Guns, Booze

NASHVILLE, Tenn. (AP) – A Tennessee House panel on Thursday recommended setting an 11 p.m. curfew for people with handgun permits to carry their weapons into restaurants where alcohol is served.

US Housing Secretary: Banks Have Foreclosure Role

WASHINGTON (AP) – Housing Secretary Shaun Donovan said Thursday it's critically important that banks and lending institutions work to help make certain the Obama administration's new home foreclosure initiative succeeds.

Naifeh Says no Extra Staff With Honorary Title

NASHVILLE, Tenn. (AP) – Former state House Speaker Jimmy Naifeh said his new honorary title does not carry any extra legislative staff privileges.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 9 90 1,448
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 24 152 3,402
MARRIAGE LICENSES 38 158 1,846

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The Memphis News: Business, politics, and the public interest.